Introduction
In the DeFi world (decentralized finance), staking and delegating have become some of the most popular and effective ways to earn money online. The Axiome platform offers unique opportunities for generating stable income from staking and delegating AXM tokens. In this guide, we will explore how to start staking, what kind of returns you can expect, and how to manage your assets on the Axiome platform.
Staking and delegating not only allow you to earn passive income but also play a crucial role in maintaining the security and stability of the Axiome network. By joining the ecosystem, you become part of a global financial revolution and gain the opportunity to influence the development of the project.
In this article, I will explain how you can earn on Axiome using staking and delegating AXM tokens. If you are looking for reliable and promising opportunities for cryptocurrency investments, read on to find out what makes Axiome special.
What are Staking and Delegating?
Definition of Staking
Staking is the process of holding cryptocurrency in a wallet to support the operations of a blockchain. Users who engage in staking receive rewards for supporting the network and participating in the transaction validation process. Staking is an essential part of many blockchain ecosystems, as it helps ensure the security and decentralization of the network.
In general, it’s not just a way to earn money online but also a contribution to the security and stability of the blockchain, making it particularly important for the entire ecosystem.
Definition of Delegating
Delegating is the process whereby users transfer their tokens to validators to participate in transaction validation and network maintenance. Delegating allows users to earn rewards from staking without engaging in the technical aspects of validation. Validators, in turn, receive rewards and share them with delegators.
Delegating is the perfect solution for those who want to earn from staking but lack the technical skills or time to participate directly in transaction validation.
Advantages of Staking and Delegating
- Passive Income: Staking and delegating provide the opportunity to earn a stable passive income through rewards for participating in the network.
- Network Support: By participating in staking and delegating, users help maintain the security and stability of the Axiome network, contributing to its long-term development.
- Simplicity and Accessibility: Delegating tokens does not require deep technical knowledge, making this earning method accessible to a wide audience.
- High Yield: Rewards for staking and delegating in Axiome can reach up to 20% per month, significantly surpassing the returns of traditional financial instruments.
In conclusion of its advantages, it can be said that the high profitability and simplicity of delegating make Axiome an attractive platform for investors seeking new opportunities and efficient ways to earn online in the DeFi sphere. Therefore, below I will explain how to start staking in Axiome.
How to start staking in Axiome?
Creating a wallet and acquiring AXM tokens
- Wallet Selection: To get started with Axiome, choose a cryptocurrency wallet that supports AXM tokens. Axiome already has its own application, Axiome Wallet, available on Google Play \Link) and the App Store \Link). They released it in early May and announced it on their Telegram channel.
- Wallet Installation: Download and install the chosen wallet application on your phone. Follow the instructions to create a new wallet. Don’t forget to write down and save the mnemonic phrase (seed phrase) in a secure place.
How to Register an Account? Instructions
Step 1: Download the Axiome Wallet application to your device.
Step 2: Click on the “Registration” button on the login page.
Step 2
Step 3: Fill in the specified fields.
You need to come up with a nickname that cannot be used to identify you. Since the entire ecosystem is
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blockchain-based, all data is open. Remember your privacy!
Step 3
Step 4: Your seed phrase will be generated, which is the access key to your wallet and, consequently, AXM tokens. Be sure to save it in the most secure place.
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Step 4
Step 5: Repeat your seed phrase and make sure you have saved it correctly.
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Step 5
Step 6: Next, you need to come up with a PIN code to access your account and confirm it. Then, activate Touch or Face ID if necessary. That’s it, registration is complete!
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Step 6
- Acquiring AXM Tokens
Purchase AXM tokens on one of the supported exchanges. Currently, Axiome tokens can be bought on the MEXC exchange. \Link).
- Transferring Tokens to the Wallet
Transfer AXM tokens from the exchange to your wallet. To do this, copy the address of your wallet and use it when withdrawing tokens from the exchange.
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Step-by-Step Guide to Delegating Tokens
Step 1: In the Axiome Wallet mobile application, go to the “Staking” tab and click on the “Delegate” button.
Step 1
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Step 2: In the window that appears, select a validator and enter the amount. The “Available” indicator displays the balance of your main wallet, where you transferred the purchased tokens.
Step 2
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Step 3: Click “Confirm.” Your AXM tokens will be moved from the Main Wallet to the Delegation Wallet.
A partner fee of 15% is charged for each delegation for higher-level mentors in the partner program. This incentivizes the community to be more involved in the project’s development by paying generous partner rewards. I will provide more details about the partner program in the next article.
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Step 3
During delegation, don’t forget to leave some AXM tokens to cover network fees for future transactions. Otherwise, you won’t be able to claim your rewards for delegation.
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My review of the project
At first glance, the project looks quite promising, offering innovative solutions in the field of decentralized finance \DeFi) and blockchain technologies.
In my opinion, Axiome stands out among other projects due to their transparency and openness. The team regularly publishes reports and updates, which creates a sense of trust. In their Telegram channel, where they constantly make reports, there are already almost four thousand subscribers.
It is worth noting that the Axiome platform has already undergone a security audit by independent experts from SolidProof. This is an important step that helps to avoid potential risks and indicates the team’s serious attitude towards user security.
The project has an active community that actively discusses ideas regarding the project and the coin, and shares experiences. This allows new users to easily join the project and receive support, which is also an important aspect for long-term success.
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Of course, as with any investment project, there are risks involved here. It is important to understand that the cryptocurrency market and coins are extremely volatile, and investing should be done with caution, after conducting your own research and answering whether it is worth it. I will leave all project links below.
Overall, the Axiome project looks promising and deserves attention from those interested in new opportunities in the world of cryptocurrencies and coins. Its
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transparency, openness, and community support instill confidence that the project is not a scam and has the potential for growth.
Project Links:
Detailed documentation in English: axiomeinfo.org
Instagram account: axiome_en
Telegram channel: t.me/axiomeen
Website: axiome.pro
Block explorer: axiomechain.org
YouTube channel: @axiome_en
Twitter: x.com/axiome_pro
Support: @axiomesupport
All links: linktr.ee/axiome_pro
